Federated Investors Inc. PA Sells 45,352 Shares of SpartanNash Company (SPTN)
Federated Investors Inc. PA lowered its holdings in SpartanNash Company (NASDAQ:SPTN) by 54.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,236 shares of the company’s stock after selling 45,352 shares during the period. Federated Investors Inc. PA owned about 0.10% of SpartanNash worth $993,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new position in shares of SpartanNash in the 1st quarter worth approximately $112,000. Victory Capital Management Inc. increased its position in shares of SpartanNash by 55.8% in the first quarter. Victory Capital Management Inc. now owns 3,985 shares of the company’s stock worth $139,000 after acquiring an additional 1,427 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of SpartanNash by 225.4% in the first quarter. LS Investment Advisors LLC now owns 4,555 shares of the company’s stock worth $159,000 after acquiring an additional 3,155 shares in the last quarter. Sei Investments Co. purchased a new position in shares of SpartanNash in the second quarter worth approximately $127,000. Finally, US Bancorp DE increased its position in shares of SpartanNash by 21.1% in the first quarter. US Bancorp DE now owns 5,540 shares of the company’s stock worth $194,000 after acquiring an additional 965 shares in the last quarter. 88.24% of the stock is currently owned by institutional investors.
SpartanNash Company (SPTN) opened at 25.39 on Friday. The stock has a 50 day moving average of $25.28 and a 200 day moving average of $30.26. The stock has a market capitalization of $946.29 million, a P/E ratio of 14.57 and a beta of 1.06. SpartanNash Company has a 52-week low of $22.90 and a 52-week high of $40.38.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, August 16th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.96 billion. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. SpartanNash’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the company posted $0.58 EPS. On average, equities research analysts forecast that SpartanNash Company will post $2.23 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.165 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.60%. SpartanNash’s dividend payout ratio is 37.93%.
SPTN has been the topic of several analyst reports. Pivotal Research dropped their target price on shares of SpartanNash from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, May 24th. Zacks Investment Research downgraded shares of SpartanNash from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. ValuEngine downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC set a $35.00 target price on shares of SpartanNash and gave the stock a “hold” rating in a research report on Wednesday, June 14th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. SpartanNash has a consensus rating of “Hold” and a consensus target price of $27.50.
In related news, Director M Shan Atkins sold 2,000 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $27.69, for a total value of $55,380.00. Following the sale, the director now directly owns 32,425 shares in the company, valued at approximately $897,848.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.
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SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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